NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund

INVEST VIA NRE/NRO

Franklin India Equity Advantage Fund Growth for NRI [176.14]

Min Investment

5,000

Fund Size

3,203.2 Cr

Expense Ratio

2.0%

Exit Load

1%

SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671

176.14

0.37%

NAV as on 20 Jun 24, 12:00 AM

very high risk

large & mid cap

equity

NAV as on 20 Jun 24, 12:00 AM

very high risk

large & mid cap

equity

37.10%p.a.

Last 1Y

16.93%p.a.

Last 3Y

17.50%p.a.

Last 5Y

15.58%p.a.

Since Inception

About Franklin India Equity Advantage Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the Franklin India Equity Advantage Fund Growth scheme from Franklin Templeton Asst Mgmt(IND)Pvt Ltd. It is a Large & Mid-Cap mutual fund scheme that predominantly invests in Large & Mid-Cap stocks of companies. Launched on Mar 2005, Franklin India Equity Advantage Fund Growth is Large & Mid-Cap fund of its category with 3,203.2 Cr fund under management as on Jun 2024. The expense ratio of this fund is less than that of most other Fund category Large & Mid-Cap funds.

  • Franklin India Equity Advantage Fund Growth delivered 37.1% annual returns during the last year. It has delivered 15.6% average annual returns since the fund was launched.
  • Franklin India Equity Advantage Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
  • The scheme has predominantly invested in equity

Fund Objective

To provide medium to long-term capital appreciation by investing primarily in Large and Mid-cap Stocks.

Top 10 Holdings

Mahindra & Mahindra Ltd

4.43%

Endurance Technologies Ltd

4.11%

HDFC Bank Ltd

4.10%

Zomato Ltd

3.77%

ICICI Bank Ltd

3.56%

InterGlobe Aviation Ltd

3.43%

Motherson Sumi Wiring India Ltd

3.30%

Coforge Ltd

3.24%

Reliance Industries Ltd

3.04%

IndusInd Bank Ltd

2.92%

Fund Managers

  1. Venkatesh Sanjeevi (Oct 2021 - Present)
  2. R. Janakiraman (Feb 2014 - Present)
  3. Sandeep Manam (Oct 2021 - Present)

Key Information

View Scheme Document

Franklin India Equity Advantage Fund Growth SIP Calculator

If invested

5,000

per month

For a period of

Investment of 0 could have been

0(+0.0%)

0 (+0.0%)

This Fund

0 (+0.0%)

Fixed Deposit

NRI Mutual Fund Tax on Franklin India Equity Advantage Fund Growth

Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.

Fund TypeShort-term Capital Gains (STCG) TaxLong-term Capital Gains (LTCG) Tax
Equity mutual funds15%10% (above Rs. 1 lakh LTCG) without indexation*
Debt & other types of fundsAt tax slab rate20% with indexation benefits

How can NRIs invest in Franklin India Equity Advantage Fund Growth?

NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:

  • Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
  • PAN Number
  • Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
  • Passport – front and back
  • Passport size photograph
  • signature

If all details are correct, your KYC will be approved within 7 to 8 business days.

  • Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in Franklin India Equity Advantage Fund Growth
  • Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
  • City and country of birth
  • NRE/NRO bank account statement/ canceled cheque for the latest 3 months
  • Nominee details

Frequently Asked Questions